Quarterly report pursuant to Section 13 or 15(d)

CONVERTIBLE NOTE PAYABLE (Tables)

v3.4.0.3
CONVERTIBLE NOTE PAYABLE (Tables)
 3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Schedule of fair value assumptions using monte carlo simulation

The fair value of the embedded derivative liability is measured in accordance with ASC 820 “Fair Value Measurement”, using “monte carlo simulation” modeling incorporating the following inputs:

 

    Three Months Ended
 March 31, 2016		     Year Ended
December 31, 2015		  
             
Expected dividend yield     0.00 %     0.00 %
Expected stock-price volatility     50% - 55 %     50.0 %
Risk-free interest rate     0.21% - 0.62 %     0.47% - 0.86 %
Expected term of options (years)     .5 - 1.25       .5 - 1.5  
Stock price   $ 0.25     $ 0.25  
Conversion price   $ 0.12     $ 0.12  
Schedule of purchaser warrants fair value assumptions using monte carlo simulation

The fair value of the Purchaser Warrants is measured in accordance with ASC 820 “Fair Value Measurement”, using “monte carlo simulation” modeling, incorporating the following inputs:

 

    Three Months Ended
 March 31, 2016		     Year Ended
December 31, 2015		  
Expected dividend yield     0.00 %     0.00 %
Expected stock-price volatility     50% - 55 %     50.0 %
Risk-free interest rate     1.16 %     1.74 %
Expected term of options (years)     .5 - 1.25       .5 - 1.5  
Stock price   $ 0.25     $ 0.25  
Exercise price   $ 0.30     $ 0.30